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Fed raises interest rates again, more hikes likely in 2023

After raising interest rates again, Federal Reserve warns more hikes likely in 2023

12/14/2022

PBS News Hour

Fed raises interest rates again, more hikes likely in 2023

Clip: 12/14/2022 | 5m 39sVideo has Closed Captions

After raising interest rates again, Federal Reserve warns more hikes likely in 2023

After announcing another half-point interest rate hike, Federal Reserve Chair Jay Powell indicated more hikes are on the way in 2023. This comes as inflation shows signs of slowing gradually, but there are again concerns the Fed is not going to be able to tame it without triggering a recession. Economist Mohamed El-Erian joined Geoff Bennett to discuss.

12/14/2022

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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